USDA Section 504 Home Repair Loan & Grant

USDA Rural Development

Available Home Repair

About This Program

Low-interest loans and grants for very low-income homeowners in eligible rural areas near Colorado Springs to repair, improve, or modernize homes or remove health and safety hazards. Grants available to seniors (62+) who cannot afford loan repayment.

Typical combination of loan and grant for qualifying senior homeowner

Key Details

  • Loans up to $40,000 at 1% interest
  • Grants up to $10,000 for seniors 62+
  • Income at or below 50% AMI required
  • Eligible rural areas only (check address)
  • Covers health/safety hazards and accessibility

How to Apply

Deadline: Rolling applications

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Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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